SEC Proposed Rule for Security-Based Swap Dealers and Major Security-Based Swap Participants

On October 17, the SEC proposed capital, margin, and segregation requirements for security-based swap dealers and major security-based swap participants as required by the Dodd-Frank Act.  The proposal: (i) sets minimum capital requirements; (ii) establishes margin requirements with respect to non-cleared security-based swaps; and (iii) establishes segregation requirements for security-based swap dealers and notification requirements with respect to segregation for security-based swap dealers and major security-based swap participants.  Comments may be submitted for 60 days following publication in the Federal Register.  SEC Release.  SEC Proposed Rule.